CPFL Energia S.A. (NYSE:CPL) shares reached a new 52-week high on Tuesday . The company traded as high as $17.33 and last traded at $17.31, with a volume of 156,053 shares trading hands. The stock had previously closed at $17.17.

Separately, BidaskClub raised CPFL Energia from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd.

The company has a market cap of $8.89 billion, a PE ratio of 38.12 and a beta of 1.41. The firm’s 50-day moving average price is $17.09 and its 200-day moving average price is $16.46.

A number of hedge funds have recently modified their holdings of CPL. Acadian Asset Management LLC purchased a new position in CPFL Energia during the first quarter worth approximately $102,000. Global X Management Co. LLC boosted its position in CPFL Energia by 2.6% during the first quarter. Global X Management Co. LLC now owns 8,248 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 210 shares in the last quarter. Princeton Alpha Management LP purchased a new position in CPFL Energia during the first quarter worth approximately $167,000. Koch Industries Inc. purchased a new position in CPFL Energia during the first quarter worth approximately $195,000. Finally, BNP Paribas Arbitrage SA boosted its position in CPFL Energia by 410.0% during the second quarter. BNP Paribas Arbitrage SA now owns 13,352 shares of the utilities provider’s stock worth $213,000 after purchasing an additional 10,734 shares in the last quarter. Institutional investors own 1.89% of the company’s stock.

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CPFL Energia Company Profile

CPFL Energia SA is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related services. Its segments include Distribution, Conventional Generation Sources, Renewable Energy Generation, Commercialization and Services.

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